Banks in Ferrum, VA

Bank branch map: Ferrum

Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.

Short answer: 2 banks and credit unions operate 2 locations in Ferrum, according to the FDIC. 2 of them have coordinates on record and are on the map. 1 publish opening hours.

Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.

All banks in Ferrum

Sorted by number of local branches. Each branch shows where its hours and phone number come from.

Short answer: Truist and Carter Bank & Trust have the most locations in Ferrum, with 1 each. 2 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.

Carter Bank & Trust 1 branch · main office Martinsville, VA Bank · 1

Carter Bank & Trust has 1 branch in Ferrum, 51 across Virginia and 66 nationwide. FDIC records list its main office in Martinsville, VA and show it operating since 2006. With $4.80 billion in total assets on June 30, 2026, it ranks No. 293 of 4,232 U.S. banks by total assets. The Ferrum Branch at 9440 Franklin St dates to 1997 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Ferrum Branch

  9440 Franklin St, 24088

  Hours: see the bank's site
  DirectionsWebsite

Carter Bank & Trust: profile, branches and contacts

Truist Truist Bank · 1 branch · main office Charlotte, NC Bank · 1

Truist has 1 branch in Ferrum, 259 across Virginia and 1,931 nationwide. FDIC records list its main office in Charlotte, NC and show it operating since 1872. With $548.35 billion in total assets on June 30, 2026, it ranks No. 9 of 4,232 U.S. banks by total assets. The Ferrum Branch at 4505 Timber Line Rd dates to 1917 in FDIC branch records. Its published hours do not list Saturday.

• Ferrum Branch

  4505 Timber Line Rd, 24088

  (540) 365-2161Today 9 am to 4 pm

  All hours

  Mon to Thu 9 am to 4 pm; Fri 9 am to 5 pm; Sat to Sun closed

  Hours: Truist branch locator (All The Places), checked Oct 10, 2026

  DirectionsBranch page

Truist: profile, branches and contacts

Banking in Ferrum: the local picture

Short answer: 2 banks run 2 branches in Ferrum according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.

Of the 2 banks, 0 have their main office in Ferrum, 1 elsewhere in Virginia and 1 out of state, according to the FDIC.

The bank with the longest record here is Truist, operating since 1872 according to the FDIC. In FDIC branch records, the longest-running branch is Truist's office at 4505 Timber Line Rd, dating to 1917; the newest is Carter Bank & Trust's at 9440 Franklin St, from 1997.

Of the 1 location with published hours. None open on Saturday. 1 location has no published hours in these sources.

Saturday hours in Ferrum

Short answer: None of the 1 Ferrum location with published hours lists Saturday hours. 1 location does not publish hours in these sources; call ahead.

Bank branches show hours only where the bank publishes them in a source this page uses; 1 of the 2 locations here have no published hours yet. The source and date sit under each office. Banks and credit unions often close on Federal Reserve holidays; call ahead.

Chase, Bank of America and other national banks

Which big national banks have branches in Ferrum, and where the nearest one is if they do not.

Short answer: In Ferrum: Truist (1). No branches in Ferrum: Chase (nearest in Charlottesville, 113 mi), Wells Fargo (nearest in Roanoke, 21 mi), Bank of America (nearest in Lynchburg, 55 mi), PNC Bank (nearest in Fredericksburg, 164 mi), U.S. Bank, Fifth Third Bank, Huntington, Regions Bank, TD Bank (nearest in Dumfries, 187 mi), BMO.

Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Ferrum to the nearest branch in Virginia.

What your savings could earn

National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.

Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.

Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Ferrum residents like anyone else.

Banks near Ferrum

Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.

Short answer: The closest towns with more choice are Rocky Mount (9 miles) and Collinsville (15 miles). Martinsville, 18 miles away, has the most banks nearby: 8.

Bank branch openings and closings in Ferrum

FDIC branch records, between September 5, 2025 and September 5, 2026.

Short answer: FDIC branch records show no bank branch openings in Ferrum between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.

Largest banks in Ferrum by total assets

Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Ferrum offices.

Short answer: Truist is the largest bank with offices in Ferrum, with $548.35 billion in total assets on June 30, 2026, No. 9 among U.S. banks by total assets. Carter Bank & Trust is second with $4.80 billion. Local deposit shares will follow once the FDIC Summary of Deposits is imported.

Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.

Banks in Ferrum: FAQ

How we build this page

Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.